Best Options For Obtaining Disability Insurance in Pennsylvania

People do not realize that income is the most import financial asset. Therefore, people buy life insurance to protect their families when they die. However, people do not think about what happens to their income if they become disabled. Disabilities are not only contributed to accidents but also illnesses. As a result, disability insurance in Philadelphia(PA) wants to help relieve the financial stress of becoming disabled.


How are Disability Insurance Premiums determined in Philadelphia (PA)?

Disability insurance premiums in Philadelphia(PA) are based on your age, sex, occupation and the amount of potential lost income you are trying to protect. Premiums are determined based on type of occupation. Usually, if there is low-risk at becoming injured on the job, than the premium should be low. The higher the chance of injury, the higher the premium. Therefore, a corporate type of job would have much lower disability premiums than a construction worker.In Philadelphia(PA), disability insurance premiums are also based on the details of the policy and what additional benefits are added. Optional benefits added to the policy such as inflation protection, residual benefits and the ability to increase your policies benefits at a later date with no medical exam will also change the level of premiums of a disability policy.


What Should be Included In Your Disability Insurance Policy?

In Philadelphia PA disability insurance policies can be significantly different for each person. Therefore, you and your insurance broker or financial plan should read the information to make sure the policy you choose/purchase suits your needs. Some of the items you should focus on include total disability, the elimination or qualifying period, residual benefits, presumptive disabilities, benefit percentage, cost of living, the wavier of premiums, mandatory rehabilitation, limitations, offsets for benefits, and survivor benefits. The definition of total disability that will allow you to receive benefits. Disability insurance in Philadelphia(PA) requires policies to pay benefits if you are unable to perform the duties of your normal occupation for only two years. However, after that your policy might change to pay benefits only if you cannot perform a job for which you are reasonably suited by the criteria of education and training. The elimination or qualifying period refers to the period of time between the date the disability begins and the beginning of the benefit period.  The next item in a policy is the availability of residual benefits.  This makes up the difference in income when you are able to work in a limited capacity which results in a lower income then previously. The payment for presumptive disabilities, such as loss of sight, hearing, or use of limbs, even if you still may be able to work. The benefit period is the maximum amount of time you can collect benefits.  The benefit percentage is the amount you will be paid and is basically a percentage of your income. The cost of living adjustments to increase benefits should be included in your policy. The waiver of premiums so that you do not have to pay premiums if your disability lasts 90 days or longer. There is a mandatory rehabilitation item. This allows for termination of benefits if you do not cooperate with a rehabilitation plan. Any limitations, such as limiting benefits for mental disabilities to two years, or exclusions, such barring benefits for “pre-existing” conditions or disabilities caused by self-inflicted injuries, should be considered when looking for the right policy. Remember that Social Security Disability Insurance or workers’ compensation could be offsets against the benefits. Finally, survivor benefit, which is a lump sum payment to the insured’s survivors if the insured dies while receiving disability benefits, should be considered.

Top  Companies for Disability Insurance in Philadelphia

Disability insurance in Philadelphia can be purchased directly through an insurance company or through an insurance broker or financial advisor licensed to sell insurance.  The following companies are considered to offer the best disability insurance coverage.


  • AIG: offers short-term and long-term disability insurance
  • Assurity: offers personal disability insurance, business overhead expense insurance, and graded benefit insurance
  • Berkshire: offers individual disability insurance
  • Boston Mutual: offers short-term and long-term disability insurance
  • Guardian: offers individual disability insurance, small business protection, and supplemental disability income protection
  • The Hartford: offers group disability insurance, and short-term and long-term disability insurance
  • Humana: offers short-term and long-term disability insurance
  • Mass Mutual: offers disability insurance with flexibility for additional coverage and riders
  • MetLife: well-known for offering policies for Physicians and Dentists, and group disability insurance
  • Mutual of Omaha: offers short-term and long-term disability insurance
  • Northwestern Mutual: offers disability insurance for individuals, Physicians and Dentists
  • Principal: offers individual disability insurance and overhead business expense insurance
  • Prudential: offers short-term and long-term disability insurance